• ENERGY PROCUREMENT
    As energy markets become increasingly complex, the vast array of pricing options and contract structures available to large energy users can prove daunting...
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    Kore Energy has developed a proven risk management strategy, focusing on budget protection and cost optimisation....
  • MARKET INTELLIGENCE
    We continually track and evaluate what is happening in the market and provide concise reports to our risk management clients on a daily basis...
  • CARBON MANAGEMENT
    Managing your exposure to the carbon market is an essential ingredient in energy price risk management...
  • RISK MANAGEMENT
    Kore Energy has developed a proven risk management strategy, focusing on budget protection and cost optimisation...
  • MARKET INTELLIGENCE
    We continually track and evaluate what is happening in the market and provide concise reports to our risk management clients on a daily basis...
  • CARBON MANAGEMENT
    Managing your exposure to the carbon market is an essential ingredient in energy price risk management...

Archived Summaries

Monday 24 April 2017
Market Close
Currency movement led to an early rally in crude prices on Monday but this was short lived as market switched focus to

signs of global oversupply. The number of active rigs in the U.S. reached a two-year high last week and there are questions over OPEC's production cuts and the impact they will have. Brent eased by 36 cents a barrel to close at $51.60, while WTI settled at $49.23, down 39 cents. In the gas markets, currency and oil movements were the main drivers and the gains of the morning session were pared back later in the session. Cooler temperatures forecast for the remainder of the week supported the prompt.

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Market Update

  • Monday 06 November 2017:Crude oil prices turned sharply higher on Friday with Brent crude gaining $1.45 to settle at $62.07 while WTI gained $1.10 to $55.64 a barrel, the highest level since July 2015

  • Monday 06 November 2017:The market responded to the renewed commitment by Saudi Arabia and Russia to an extended period of production cuts

  • Monday 06 November 2017:The UK gas system was well-supplied on Friday with Norwegian deliveries up to 130MCM and the Bacton-Zeebrugge interconnector operating in import mode

  • Monday 06 November 2017:The day ahead contract for today gained 0.60p on forecast higher demand for today as temperatures are expected to move below the seasonal norm this week

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